MetLife Investment Management LLC Acquires 51,925 Shares of BILL Holdings, Inc. (NYSE:BILL)

MetLife Investment Management LLC grew its position in shares of BILL Holdings, Inc. (NYSE:BILL - Free Report) by 1,757.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,879 shares of the company's stock after purchasing an additional 51,925 shares during the quarter. MetLife Investment Management LLC owned approximately 0.05% of BILL worth $4,649,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of BILL by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 306 shares of the company's stock valued at $26,000 after purchasing an additional 131 shares during the last quarter. Crewe Advisors LLC boosted its holdings in shares of BILL by 129.1% in the fourth quarter. Crewe Advisors LLC now owns 307 shares of the company's stock worth $26,000 after buying an additional 173 shares during the last quarter. Fifth Third Bancorp bought a new stake in BILL during the fourth quarter valued at about $27,000. Global Retirement Partners LLC lifted its holdings in BILL by 12,566.7% during the fourth quarter. Global Retirement Partners LLC now owns 380 shares of the company's stock valued at $32,000 after purchasing an additional 377 shares in the last quarter. Finally, GeoWealth Management LLC bought a new stake in BILL during the fourth quarter valued at about $32,000. 97.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

BILL has been the topic of several recent analyst reports. Keefe, Bruyette & Woods decreased their target price on BILL from $77.00 to $54.00 and set a "market perform" rating on the stock in a research note on Monday, March 31st. Morgan Stanley reissued an "overweight" rating on shares of BILL in a report on Wednesday, April 16th. Mizuho reduced their price target on shares of BILL from $70.00 to $53.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th. Seaport Res Ptn downgraded shares of BILL from a "strong-buy" rating to a "hold" rating in a report on Thursday, April 17th. Finally, Susquehanna lifted their target price on BILL from $91.00 to $100.00 and gave the stock a "positive" rating in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $69.28.

BILL Trading Down 1.7 %

Shares of BILL traded down $0.79 during midday trading on Wednesday, hitting $45.59. The stock had a trading volume of 1,113,409 shares, compared to its average volume of 2,283,052. BILL Holdings, Inc. has a 1 year low of $36.55 and a 1 year high of $100.19. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.66 and a quick ratio of 1.66. The stock's 50 day moving average is $45.73 and its 200 day moving average is $67.82. The firm has a market cap of $4.65 billion, a PE ratio of -4,559.00, a price-to-earnings-growth ratio of 29.46 and a beta of 1.88.

BILL (NYSE:BILL - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.38). BILL had a net margin of 5.90% and a return on equity of 1.53%. As a group, analysts forecast that BILL Holdings, Inc. will post 0.12 EPS for the current fiscal year.

BILL Company Profile

BILL Holdings, Inc provides financial automation software for small and midsize businesses worldwide. The company provides software-as-a-service, cloud-based payments, and spend management products, which allow users to automate accounts payable and accounts receivable transactions, as well as enable users to connect with their suppliers and/or customers to do business, eliminate expense reports, manage cash flows, and improve office efficiency.